Podcast
Questions and Answers
What role does pricing play in the economy?
What role does pricing play in the economy?
Prices regulate production, distribution, and consumption in the economy.
How does competition on price impact firms?
How does competition on price impact firms?
Competition on price weeds out inefficient firms and compels the remaining ones to maximize efficiency.
What factors influence pricing decisions?
What factors influence pricing decisions?
Pricing decisions require intelligent judgement on market conditions, customer relations, and up-to-date knowledge of trends in sales and demand.
Why has the significance of pricing in the marketing mix increased?
Why has the significance of pricing in the marketing mix increased?
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How do prices impact the allocation of resources?
How do prices impact the allocation of resources?
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What challenges are associated with pricing decisions?
What challenges are associated with pricing decisions?
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How do prices impact the level of employment in the country?
How do prices impact the level of employment in the country?
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What is the role of pricing in weeding out inefficient firms?
What is the role of pricing in weeding out inefficient firms?
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How do prices influence the bargaining power of distribution channels?
How do prices influence the bargaining power of distribution channels?
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Why is pricing considered a difficult function in marketing?
Why is pricing considered a difficult function in marketing?
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